Budget 2026 · Lens
Energy & resources in Budget 2026
Energy and resources: Powering Canada Strong for electricity, nuclear, EV charging, critical minerals, forestry and the clean investment tax credits.
$13.6BProgram spending 8 measures
$555MTax measure 1 measure
0measures involve loans, equity or financing
Totals are five-year net impacts on the budgetary balance, kept separate by money type. A measure can appear under several lenses, so lens totals overlap and should not be added together.
Program spending
New or extended spending, shown as the yearly impact on the budgetary balance.
- Powering Canada Strong$8.75BCh. 1Program spendingTradesInvestmentEnergy & resourcesPublic work
- Strengthening Canada's forest sector$2.22BCh. 1Program spendingBusinessesEnergy & resources
- Bringing critical minerals from mine to market$1.35BCh. 1Program spendingTradesInvestmentEnergy & resources
- Expanding Canada's electric vehicle charging infrastructure$553MCh. 1Program spendingTradesEnergy & resourcesInfrastructure & transportPublic work
- Growing Canada's nuclear advantage and powering our electricity future$419MCh. 1Program spendingTradesEnergy & resourcesPublic work
- NRC IRAP Clean Technology renewal$298MCh. 1Program spendingBusinessesEnergy & resources
- Geo-mapping for energy and minerals (GeoNorth)$34MCh. 1Program spendingEnergy & resourcesInfrastructure & transport
- Arctic offshore oil and gas governance$11MCh. 1Program spendingEnergy & resourcesInfrastructure & transport
Tax measure
Forgone (or raised) revenue from a tax change, not a cheque from a program.
- Interest deductibility limits$555MCh. 6Tax measureHousingInvestmentEnergy & resources
Related tax changes
From the tax measures annex. Positive amounts are revenue the government gives up.
- Mineral Exploration Tax Credit and Critical Mineral Exploration Tax Credit$956MPersonal income tax
- Clean Electricity and Clean Technology Investment Tax Credits$2.42BBusiness income tax
- Helium Exploration, Development and Resource Expenses$54MBusiness income tax